In its latest quarterly earnings announcement (three months ended March 31, 2023), Apple says its Services division hits $20.9 billion in revenue, the industry's best quarter ever . As a reminder, the Services division includes activities such as App Store, Mac App Store, Apple Music, Apple Pay, Apple TV+, Apple Arcade and Apple News+.
Record quarters for iPhone and Apple services
The iPhone is also among the winners for this quarter with 51.3 billion in revenue, the best first quarter of all time for Apple's smartphone. The turnover of Mac computers fell to 7.4 billion, while it was 10.4 billion last year at the same period.
The word to Tim Cook, CEO of Apple
“We are pleased to report an all-time high for Services, a March quarter record for iPhone, and to have reached an all-time high for our installed base of active devices, despite a challenging macro environment. , said Tim Cook, CEO of Apple. We continue to invest for the long term and lead with our values, including making significant progress towards building carbon-neutral products and supply chains by 2030.”
